In a move that
surprised the market but reflected DBS’ confidence and leadership in
Singapore, we underwrote a SGD 2.25 billion deal to YTL group to acquire
Power Seraya. We signed off and brought in seven international project
financing and relationship banks who committed more than SGD 1 billion.
This was probably the largest sole underwritten deal in Asia Pacific to
be sold down
so successfully.
DBS introduced the ‘money safe’ guarantee, under which,
DBS’ iBanking customers are automatically protected when transacting
online, with the bank reimbursing them in the unlikely event of
unauthorised transactions on their iBanking accounts. |
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DBS won a
bumper crop of awards during the year;
a total of 86 including numerous regional awards:
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We bagged eight FinanceAsia Country Awards for
Achievement, including ’Best Asian Bank’ – a first
for us. |
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In the IFR Asia Awards, we were bookrunner in the Noble Group
USD 2.4 billion three-tranche loan, named ‘Issuer of the Year’. |
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In Asiamoney’s Deals of the Year, the Adaro Indonesia USD 800
million 7.625% bonds due 2019, in which DBS was bookrunner, was voted
‘Best High-Yield Bond’. |
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We scored a ’Special Achievement Award’ from Singapore
Exchange for our pioneering efforts and pivotal role in promoting
Singapore as a key fund-raising centre. |
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